Recently-listed Aegis Vopak Terminals share price down even as Q4 net profit up 9% QoQ to ₹41 crore

The stock fell 0.67% to ₹245.14 per share on the NSE at 2:13 pm.

The company's revenue from operations declined 2.84% to ₹156.9 crore in Q4 FY25, compared to ₹161.49 crore in the December quarter of the fiscal year 2024-25.

The net profit attributable to owners of the company surged 9.33% to ₹41.33 crore in the latest March quarter. The post-tax profit was reported at ₹37.8 crore in Q3 FY25.

The total income stood at ₹171.16 crore in the quarter under review, reflecting a decline of 1% from ₹169.43 crore in the previous quarter.

For FY25, revenue from operations surged 13.5% year-on-year (YoY) to ₹647.31 crore, and net profit advanced 47% YoY to ₹127.23 crore.

"During the year, the Holding Company allotted 34,042,553 equity shares of ₹10 each at a premium of ₹225 per share. The total premium amounting to ₹76,595.75 lakh has been credited to the Share Premium Account. The Board of Directors approved the allotment of these shares on October 31, 2024, and November 7, 2024," the company said in an exchange filing.

Aegis Vopak Terminals shares debuted at ₹220 per unit on the NSE and the BSE, a discount of 6.38% against the issue price of ₹235 per share on June 2.

The public offer was booked 2.09 times. The qualified institutional buyers (QIBs) subscribed to 3.30 times the subscription of the shares reserved for them. The retail investors' portion was booked at 77%, while the non-institutional investors (NIIs) category was subscribed at 56%.

The Aegis Vopak Terminals IPO was only a fresh issuance of equity shares worth ₹2,800 crore with no offer-for-sale (OFS) component.

Funds to the tune of ₹2,016 crore will be used to clear debt, ₹671.30 crore for capital expenditure needs and the rest for corporate general purposes.